Forecasts Record Profits

Foxconn reiterates forecasts after record profits

Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.

Business - MarketWatch - 16 hours ago

Ryanair profit drops as airline cuts passenger forecast

European low-cost carrier blames pressure on consumers for fall in fares

Business - Financial Times - November 4

Honda Motor Cuts Forecasts for Car Sales, Profit

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

Business - The Wall Street Journal - November 6

Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.

Business - The Wall Street Journal - October 23

AMD reports record revenue but Q4 forecast disappoints

Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.

Tech - VentureBeat - October 29

Halloween forecasts predict record temperatures in parts of the U.S.

East Coast and southern U.S. states experienced high temperatures this Halloween, with the heat forecast set to break records. CBS News 24/7 anchor Lana Zak reports on the weather and how New ...

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

Business - MarketWatch - October 17

Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes

The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.

Business - The Wall Street Journal - October 24

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - October 24

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - October 30

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Business - CNBC - November 5

Nintendo cuts profit guidance on reduced Switch sales forecast

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Business - MarketWatch - November 5

Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.

Business - The Wall Street Journal - November 6

Ozempic maker Novo Nordisk nudges higher profit forecast

Novo Nordisk on Wednesday nudged higher its outlook for the year as the drugmaker registered another quarter of strong sales of its weight-loss drugs.

Business - MarketWatch - November 6

Spotify shares pop on better-than-expected profit forecast

Shares of Spotify rose in after-hours trading as investors focused on the company's profit forecast more than its third-quarter results.

Business - CNBC - 2 days ago

Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.

Business - The Wall Street Journal - 14 hours ago

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - October 31

Forecasters scare up record-high temperatures for Halloween in the Northeast

As record-breaking high temperatures were expected Wednesday, snow blanketed the mountaintops of Hawaii and residents of the Great Plains were bracing for tornadoes.

Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing

Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...

Business - MarketWatch - October 24

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

Business - MarketWatch - October 29

Standard Chartered lifts income guidance again after beating third-quarter profit forecasts

The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.

Business - CNBC - October 30

Travelers’ stock soars as earnings triple despite record catastrophe losses

ravelers’ stock surges toward another record after earnings beat expectations by a wide margin, amid a sharp improvement in underlying profitability.

Business - MarketWatch - October 17

Deutsche Bank warns of rising bad loan provisions

German lender posts record third-quarter profits but tells investors to brace again for credit risks

Business - Financial Times - October 23

Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

Revenue for the third quarter grew about 94% year-on-year.

Business - CNBC - October 24

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Amazon's cloud unit records highest profit margin in at least a decade

Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.

Business - CNBC - October 31

Why Constellation Energy’s stock is seeing a record selloff despite profit beat

Shares of Constellation Energy Corp. were in danger of a record selloff on Monday and were headed for their lowest prices since before the nuclear-power company signed a 20-year power-purchasing ...

Business - MarketWatch - November 4

Election Day forecast: Heavy rain, snow, record heat could impact voters

As millions of Americans head to the polls, thunderstorms are forecast from the Great Lakes to the Gulf Coast, with the potential to cause inconveniences to voters.

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...

World - The Guardian - October 23

Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.

Business - MarketWatch - October 31

IMF raises 2025 growth forecast

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story IMF sounds death knell over inflation, raises 2025 outlook International Monetary ...

Politics - The Hill - October 22

Airbus Revenue, Earnings Beat Forecasts

Airbus posted earnings and revenue above analysts’ expectations, highlighting diverging fortunes with Boeing a week after the beleaguered company reported a multibillion-dollar loss.

Business - The Wall Street Journal - October 30

UK public borrowing exceeds official forecast in September

Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s Budget

Business - Financial Times - October 22

IMF upgrades UK growth forecast in boost to Reeves

Fund’s chief economist sees chance of more ‘aggressive’ Bank of England rate cuts as chancellor prepares for Budget